Larger

TransCanada Corp. said Thursday it has decided to merge its larger Pathfinder Pipeline project into its Bison Pipeline project, which would provide additional capacity to deliver Rocky Mountain natural gas to Midwest markets.

TransCanada Corp. said Thursday it has decided to merge its larger Pathfinder Pipeline project into its Bison Pipeline project, which would provide additional capacity to deliver Rocky Mountain natural gas to Midwest markets.

Traders were apparently expecting a larger natural gas storage build last week than the 21 Bcf addition reported Thursday morning by the Energy Information Administration (EIA) because May natural gas futures knee-jerked higher following the 10:30 a.m. EDT report. However, the contract ended the day on a lower note, closing out the regular session at $3.599, down 9.4 cents from Wednesday’s close.

The Commodity Futures Trading Commission (CFTC) needs more funding and a larger staff in order to revamp the agency and rules to address “a regulatory system that failed the American people,” according to acting Chairman Michael Dunn.

The Commodity Futures Trading Commission (CFTC) needs more funding and a larger staff in order to revamp the agency and rules to address “a regulatory system that failed the American people,” according to acting Chairman Michael Dunn.

Acknowledging that the construction of an in-state natural gas pipeline takes priority over the development of a larger pipeline to serve the Lower 48, Alaska Gov. Sarah Palin has submitted two pieces of legislation to the state House and Senate rules committees as part of an plan to jump-start a pipeline that would tap North Slope supplies and deliver them to the southern region of the state.

Acknowledging that the construction of an in-state natural gas pipeline takes priority over the development of a larger pipeline to serve the Lower 48 states, Alaska Gov. Sarah Palin has submitted two pieces of legislation to the state House and Senate rules committees as part of an action plan to jump-start a pipeline that would tap North Slope supplies and deliver them to the southern region of the state.

National Fuel Marketing Co. LLC (NFM) and affiliates have vowed to fight in court FERC allegations that NFM used its affiliates in an unlawful scheme to secure a larger allocation of “scarce and valuable” interstate natural gas transportation capacity on Cheyenne Plains Natural Gas Co. pipeline than the Denver-based company could have acquired on its own.

Southern Natural Gas will implement an OFO Type 6 for short imbalances Thursday. There will be no penalties for short imbalances up to 2% or 200 Dth, whichever is greater. Tiered penalties will be applied for larger imbalances, up to a maximum of $15/Dth for those exceeding 8%. The pipeline had warned Tuesday that such an OFO was highly likely for Thursday and Friday.